Taking a quick look at some possible support and resistance levels on shares of Tesla Inc. (NASDAQ:TSLA), we can see that the 52-week high is currently 385, and the 52-week low is currently 181.47. When shares are trading close to the 52-week high or 52-week low, investors may be watching for a move through either level. Checking in on recent action, we note that the stock has been trading near the $315.05 level. Investors may also want to keep an eye on historical price activity. During the past 12 weeks, the stock has moved -10.73%. Looking further back to the start of the calendar year, we can see that shares have moved 47.43%. Over the past 4 weeks, shares have seen a change of -10.45%. Over the last 5 trading days, the stock has moved 3.98%. Investors will be monitoring stock activity over the next few sessions to try and decipher which way the momentum is leaning.
There are many factors that can affect the health of a company. This is one reason why stock trading can be extremely difficult at times. Because there are always so many things to take into consideration, it may be next to impossible to create a formula that will continually beat the market. Even after all the data has been scrutinized and the numbers have been crunched, the investor still has to make sense of the information and figure out what to do with it. Knowing how to use the information about publically traded companies can end up being the difference between handsome gains and devastating losses.
Analysts have set a target price on shares of Tesla Inc. (NASDAQ:TSLA). The current consensus price target is $307.46. Wall Street analysts often provide price target projections on stocks that they cover. Price target projections can be created using a wide variety of methods. Many investors will closely track stock target prices, especially when analysts make updates. A thorough research report will generally offer detailed reasoning for a certain target projection. Some investors may watch sell-side targets very closely and use the information to help with their own stock research.
Sell-side analysts have the capability of providing stock ratings for companies that they cover. According to analysts polled by Zacks Research, the current average broker rating on shares of Tesla Inc. (NASDAQ:TSLA) is 2.83. This average rating includes analysts who have offered Sell, Buy and Hold ratings on the stock. This rating falls on a numeric scale from 1 to 5. A score of 1 would indicate a Buy recommendation, and a score of 5 would represent a Sell recommendation. Out of all the analysts offering ratings, 6 have pegged the stock a Strong Buy or Buy, based on data provided by Zacks Research.
Tracking the current quarter consensus EPS estimate for Tesla Inc. (NASDAQ:TSLA), we have noted that the number is currently -2.96. This estimate is using 7 contributing analysts polled by Zacks Research. For the last quarter, the company posted a quarterly EPS of -2.92. Sell-side Wall Street analysts study companies and provide their opinions of where the stock might be going in the future. A lot of weight is given to analyst estimates, and earnings beats or misses revolve around these predictions. Sometimes these estimates are very close to the actual, and other times they are not. When a company announces actual earnings results, a large surprise factor can result in increased volatility. If a company beats estimates and posts a positive earnings surprise, the stock may see a near-term bump in price. On the flip side, a negative surprise may move the stock lower. Based on the unknown, many investors may choose to trade with caution around earnings releases.